Mumbai, April 2021: Mumbai primarily based B2B cost gateway answer supplier, SafexPay has began eyeing its expansions in Qatar markets submit its entry among the many high 11 fintech start-ups at QFTH by Qatar Growth Financial institution.
The Qatar Fintech Hub (QFTH), which is co-founded by Qatar Growth Financial institution (QDB) and established to help the expansion of the fintech business in Qatar, has introduced the ultimate record of profitable fintechs to affix Wave 2 of its Incubator and Accelerator Programs, that are as a result of run till June 2021.
Following a rigorous and multilevel analysis course of, a complete of 40 fintechs have been shortlisted to current their options by way of a digital pitch, a course of judged by a panel of representatives from QFTH stakeholders and strategic companions. Out of the 40 shortlisted, the highest 22 have been chosen and invited to take part within the Incubator and Accelerator Packages. The chosen fintechs cowl quite a lot of expertise options, reminiscent of AI, ML, Blockchain, RPA, NFC, NLP, OCR, and different fintech options.
SafexPay which is a 2017 fintech start-up stood out among the many high 11 mature fintech within the Wave 2 of the Accelerator Program representing the one fintech firm from India among the many finalist to obtain a help of undisclosed funding from Qatar Growth Financial institution.
Commenting on the win, Ravi Gupta, Founder, SafexPay stated, “This can be a nice achievement for us within the worldwide market as it will assist us to spice up our companies and improve our visibility on a worldwide stage. We have already got launched the platforms in UAE and Saudi Arabia final 12 months. We shall be utilizing the help funds on establishing Platform in Qatar and offering new applied sciences. We’re actually proud as a fintech start-up to attain this and symbolize India among the many high 11 mature fintech start-up throughout the globe.” Commenting on the beginning of the programmes, Abdulaziz bin Nasser Al Khalifa, Chief Government Officer of QDB and Fintech Task Force Chairman, stated “I want to congratulate all of the fintech startups whose management in innovation has enabled them to affix our flagship programmes. This marks the start of their journey in direction of reshaping the way forward for monetary expertise in Qatar and past, and we’re assured they’ll assist us in constructing stable pillars for a knowledge-based economic system in Qatar.” 12 Week Programme For a interval of 12 weeks, Wave 2 will supply collaborating fintechs a singular incubation and acceleration journey with all of the important help required to determine their companies domestically and to develop regionally and internationally.
Every collaborating fintech will obtain monetary and in-kind help of as much as $250,000, along with bespoke mentoring and coaching companies supplied by QFTH, its strategic companions and mentor community of over 36 worldwide and native mentors.
Upon the completion of the programmes, eligible fintechs shall be referred to Qatar Central Financial institution’s Sandbox, the place they’ll obtain help on licensing wants in Qatar, along with benefiting from a price waiver on registration. Licensing alternatives from Qatar Monetary Centre in addition to the chance to collaborate with over 16 native monetary establishments and regulators and a spread of enterprise growth and funding alternatives on a worldwide scale can even be accessible to collaborating fintechs.
Because of Covid-19 precautions & restrictions, Wave 2 of each the Incubator and Accelerator Programs shall be performed nearly. The programmes will culminate with a Demo Day in June, the place representatives from every of the collaborating fintechs will showcase their improvements to QFTH companions, business influencers and potential traders.
About SafexPay Safexpay is a Mumbai-headquartered fintech centered on fixing issues for companies who have to both settle for on-line funds from or make payouts to varied stakeholders. We additionally focus on making our platform accessible to different service provider acquirers reminiscent of banks, monetary establishments, fintechs & worldwide shoppers making us the chief in B2B2B white labelled funds.
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